Order book amounted to EUR 2,469 (31 Dec 2014: 2,200) million at the end of the period.
Sales grew 18% to EUR 889 (751) million.
Operating profit excluding restructuring costs was EUR 52.3 (24.6) million, representing 5.9% (3.3%) of sales.
Operating profit was EUR 51.3 (23.8) million, representing 5.8% (3.2%) of sales.
Cash flow from operations before financial items and taxes totalled EUR 51.6 (32.5) million.
Net income for the period amounted to EUR 36.4 (12.9) million.
Earnings per share was EUR 0.56 (0.20).
Outlook for 2015 unchanged
Cargotec’s 2015 sales are expected to grow from 2014. Operating profit excluding restructuring costs for 2015 is expected to improve from 2014.
Cargotec’s President and CEO Mika Vehviläinen: 2015 began positively for Cargotec. We saw year-on-year improvement in all of our key figures. I am extremely pleased with the way our profit improvement measures are progressing with regard to Kalmar and Hiab. Our new product launches together with the improving market situation are demonstrating as growth in our order book and sales. Our profitability is improving step by step towards our 8% EBIT margin target set for 2016.
We are also satisfied with the 9% growth seen in orders received in the first quarter. During the first quarter, the market situation related to Kalmar and Hiab developed favourably, while that of MacGregor weakened. We do not expect to see rapid improvement in MacGregor’s market situation, which is why we have added a savings programme to our current programmes in order to safeguard the profitability of this business area.